Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Stunning Gap In Wealth Between Whites & Blacks
Posted
December 21, 2014
Views
56,843
Likes
1,477
Comments
933
Engagement
4.24%
December 21, 2014
56,843
1,477
933
4.24%
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6:44Now Playing“The average African-American household takes home around 40 percent less income than a similar white family. The gap between non-Hispanic whites and Hispanics (who can belong to any race) is just over 30% (Excel file).
But racial income inequality pales in comparison to the racial gap in net worth — in household wealth accumulated through one’s lifetime and passed from generation to generation — especially between whites and blacks. It’s the living legacy of hundreds of years of structural racism in our past.
And, according to a new study by the Pew Research Center, that wealth gap has grown significantly since Wall street crashed the economy…"* The Young Turks hosts Cenk Uygur breaks it down.
*Read more here:
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